India's benchmark stock index has tumbled 6.5 percent Monday amid worries of deepening weakness in the global financial system.
The benchmark index of the Bombay Stock Exchange, the Sensex, fell 1,020 points to provisionally close at 14,740 points.
On the rival National Stock Exchange, the 50-share S&P Nifty index has dropped 261 points, or 5.5 percent, to 4,484 points.
India's markets were reacting to news that JPMorgan Chase is buying troubled U.S. investment bank Bear Stearns, fanning worries about a credit crisis in the global financial markets.
Banks were among the big losers.
No comments:
Post a Comment